Wafi Energy Pakistan Reports PKR 1.52B H1 2026 Profit, Expands Shell Network.
✧ GENERATE BRIEFING +
Wafi Energy Pakistan Limited (PSX: WAFI) has reported a 21% increase in half-year net profit to PKR 1,523 million for the period ended June 30, 2026, up from PKR 1,260 million in H1 2025. The total H1 gain came despite a second-quarter loss after tax of PKR 641 million triggered by cost volatility and global supply route disruptions. During the period, the company expanded its downstream footprint by adding 38 Shell retail sites, 18 Shell Select stores, and 2 EV Shell Recharge stations. Capital investment also targeted northern supply security, highlighted by a new 7.4-million-liter motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, KPK.
The Board of Directors of Wafi Energy Pakistan Limited (doing business under the Shell brand licensee) has announced its financial performance for the half year ended June 30, 2026. The oil marketing company recorded a profit after tax of PKR 1,523 million.
While the half-year bottom line reflected a year-on-year increase from PKR 1,260 million in H1 2025, performance was constrained by a second-quarter loss of PKR 641 million. Management attributed the Q2 contraction to sustained cost volatility, exchange fluctuations, and international energy supply line bottlenecks.
Infrastructure Investment and Terminal Expansion
To improve supply chain resilience and lower regional transit costs, Wafi Energy commissioned a new 7.4-million-liter motor gasoline (mogas) storage tank at its primary Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa.
- Regional Distribution: The added storage capacity allows the company to buffer inventory closer to high-demand northern markets, reducing reliance on long-haul road transport during supply disruptions.
- Retail Growth Strategy: The Nowshera facility provides the storage foundation to support planned expansion of the Shell retail network across northern Pakistan.
Executive Perspective
Chief Executive Officer Zubair Shaikh noted that market dynamics during the first six months posed challenges across the downstream sector:
“This has been a demanding half for the industry, with disruption to global supply routes and continued volatility in costs. Our performance reflects disciplined investment and execution and focus on supply security. Our aim has been simple: keep supply moving, provide customers with reliable fuels and lubricants, and keep investing in long term value creation for shareholders and the country.”
The company emphasized that it will continue upgrading its retail network, digital convenience hubs, and lubricant distribution networks across urban and highway corridors.
